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Singapore’s Big Winner for the Week

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Valuetronics Holdings (SGX: BN2) has gained 19.4% since last Friday as of yesterday’s close at S$0.585.

This makes it one of the bigger winners in Singapore’s share market this week, especially when considering that the Straits Times Index (SGX: ^STI) has inched up by only 1.3% to 3,354 points in the same period.

Headquartered in Hong Kong, Valuetronics is an integrated electronics manufacturing services (EMS) provider which offers a broad combination of design, engineering, and manufacturing services. Its design and engineering centre and manufacturing facility are strategically located in China and Hong Kong. Valuetronics’ client base includes companies in the telecommunications, industrial, commercial, and consumer fields. They are also geographically diverse, coming from the North American, European, and Asian-Pacific region.

On Tuesday, the firm concluded its Annual General Meeting (AGM) for the financial year ended 31 March 2014 (FY2014). The results of the AGM can be found here. All the resolutions set out were duly passed.

Valuetronics’ EMS business is classified into two segments with one of them being consumer electronics products and the other being industrial and commercial electronics products.

For FY2014, revenue increased by 10.1% to HK$2.4 billion from HK$2.2 billion in the previous year. The increase was mainly due to sustained growth from some of the company’s customers from both segments. Net profit for the year grew 88% to HK$147.9 million. As of 31 March 2014, it had a cash balance of HK$447.9 million, with no bank borrowings.

The firm is trading at a historical PE ratio of 9 as of Thursday’s close and sports a dividend yield of 4.4%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.